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Jason purchased a machine for his factory. The value of the machine was $21,500 in 2010. In 2011, the value of the machine was $18,920. In 2012, the value of the machine was $16,649.60, and in 2013, t
Jason purchased a machine for his factory. The value of the machine was $21,500 in 2010. In 2011, the value of the machine was $18,920. In 2012, the value of the machine was $16,649.60, and in 2013, the value of the machine was $14,651.65.
Which statement best describes this situation?
An increasing linear function can be used to describe this situation because it has a constant rate of change.
A decreasing linear function can be used to describe this situation because it has a constant rate of change.
An increasing exponential function can be used to describe this situation because it has a constant percentage of change.
A decreasing exponential function can be used to describe this situation because it has a constant percentage of change.
